Forex Trend Analysis Report
Prepared for you on Saturday, May 28, 2022.
Thai Baht/British Pound (FOREX:THBGBP)
Sidelines Mode (+55) - THBGBP is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid THBGBP?
MarketClub looks at technical strength and momentum to determine if the timing is right for THBGBP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for THBGBP
The long-term trend has been UP since Nov 10th, 2021 at 0.02260465
The intermediate-term trend has been UP since Apr 12th, 2022 at 0.02295297
The short-term trend has been DOWN since May 25th, 2022 at 0.02321022
Smart Scan Analysis for THBGBP
Based on our trend formula, THBGBP is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).